Puzo Michael J Boosts Holdings in Uber Technologies, Inc. $UBER

Key Points

• Puzo Michael J increased its stake in Uber Technologies, Inc. by 106.5%, owning 32,997 shares, valued at approximately $3,079,000 following the purchase of 17,020 additional shares in the 2nd quarter.
• JPMorgan Chase & Co. raised its price target for UBER from $105.00 to $110.00, assigning an "overweight" rating, while Cantor Fitzgerald also upgraded their price objective to $106.00.
• Uber's stock saw a 2.2% decrease in trading, opening at $97.87, while the company reported strong earnings with an EPS of $0.63, exceeding analysts' expectations.

Puzo Michael J lifted its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 106.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,997 shares of the ride-sharing company's stock after purchasing an additional 17,020 shares during the quarter. Puzo Michael J's holdings in Uber Technologies were worth $3,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Nova Wealth Management Inc. increased its holdings in Uber Technologies by 41.0% in the 1st quarter. Nova Wealth Management Inc. now owns 430 shares of the ride-sharing company's stock worth $31,000 after buying an additional 125 shares in the last quarter. Atticus Wealth Management LLC increased its holdings in Uber Technologies by 39.8% in the 2nd quarter. Atticus Wealth Management LLC now owns 446 shares of the ride-sharing company's stock worth $42,000 after buying an additional 127 shares in the last quarter. Grove Bank & Trust increased its holdings in Uber Technologies by 0.9% in the 1st quarter. Grove Bank & Trust now owns 14,139 shares of the ride-sharing company's stock worth $1,030,000 after buying an additional 133 shares in the last quarter. Forum Financial Management LP increased its holdings in Uber Technologies by 1.3% in the 1st quarter. Forum Financial Management LP now owns 10,956 shares of the ride-sharing company's stock worth $798,000 after buying an additional 136 shares in the last quarter. Finally, CBIZ Investment Advisory Services LLC increased its holdings in Uber Technologies by 42.1% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 466 shares of the ride-sharing company's stock worth $34,000 after buying an additional 138 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company's stock.

Analyst Upgrades and Downgrades

UBER has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their price objective on Uber Technologies from $105.00 to $110.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $106.00 price objective (up from $96.00) on shares of Uber Technologies in a report on Wednesday, June 25th. Wall Street Zen downgraded Uber Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Mizuho initiated coverage on Uber Technologies in a report on Monday, September 29th. They issued an "outperform" rating and a $130.00 price objective for the company. Finally, Piper Sandler boosted their price target on Uber Technologies from $95.00 to $103.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $104.03.

Uber Technologies Trading Down 2.2%

Uber Technologies stock opened at $97.87 on Wednesday. The business has a 50-day simple moving average of $94.33 and a two-hundred day simple moving average of $87.47. The company has a market cap of $204.10 billion, a P/E ratio of 16.67 and a beta of 1.48. Uber Technologies, Inc. has a 52-week low of $59.33 and a 52-week high of $101.99. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.02. The company had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $12.45 billion. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The firm's revenue was up 18.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.47 EPS. Analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Activity at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $99.42, for a total transaction of $273,405.00. Following the completion of the transaction, the chief financial officer directly owned 22,528 shares in the company, valued at approximately $2,239,733.76. The trade was a 10.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jill Hazelbaker sold 31,250 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $96.42, for a total value of $3,013,125.00. Following the transaction, the insider owned 86,531 shares of the company's stock, valued at approximately $8,343,319.02. This trade represents a 26.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 601,821 shares of company stock worth $58,659,491 in the last quarter. 3.70% of the stock is currently owned by insiders.

Uber Technologies Profile

Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia excluding China and Southeast Asia. It operates through three segments: Mobility, Delivery, and Freight. The Mobility segment connects consumers with a range of transportation modalities, such as ridesharing, carsharing, micromobility, rentals, public transit, taxis, and other modalities; and offers riders in a variety of vehicle types, as well as financial partnerships products and advertising services.

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